Eneos (TYO:5020) repurchased 18.2 million common shares between June 1 and June 30 through market purchase in line with an entrusting agreement on treasury shares purchase for 22.61 billion yen, according to a Wednesday filing on the Tokyo Stock Exchange.
The repurchases are part of an ongoing share buyback program originally authorized by the board of directors on May 14. The program permits the acquisition of up to 82 million shares at a purchase price of 50 billion yen.
With this, Eneos has repurchased over 24.9 million shares to date for 31.17 billion yen. The buyback launched on May 21 runs through September 30.